The Dios Provehera [God Will Provide] communal bank is in its second loan cycle and is made up of 11 members. Nine are women and two are men; the ladies are business people who manage their businesses selling food and other products.

Celsa is the bank president and makes a living selling food. With the loan, she would be able to buy more merchandise and increase her working capital.

Ada is the bank secretary and sells clothing and cards for all occasions. With the loan, she would buy more merchandise for her business and in this manner, increase her income and her working capital.

Eunise is the bank treasurer and has two children. She sells clothing and her business is located on Baptista Avenue. The loan would be invested in buying merchandise and in this manner, she would improve her income, her quality of life and increase her working capital.

All of the group members are responsible, dynamic people and hard workers. They want to improve their quality of life and their families' quality of life. They appreciate Emprender and Kiva for the trust shown in extending them a loan.

Additional Information

About Emprender

Emprender has been working in Bolivia since 1999. It is dedicated to becoming a key tool in the development of its clients and the improvement of their quality of life. Operating in three of Bolivia’s major cities – La Paz, Cochabamba, and Santa Cruz – Emprender offers both urban and rural clients the opportunity to obtain financial products tailored to fit their needs and businesses. These products include housing loans, salary loans, “opportunity” (short-term) loans, and higher education loans. To better the quality of life for its clients and non-clients through non-financial services, Emprender offers free medical consultations and health classes given by trained doctors.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.